Reuters carried an interesting sequel to our earlier InfoPowa report that Sir Richard Branson's Virgin group was putting together a land gambling resort deal in Macau valued at over £3 billion.  Apparently the high profile Brit billionaire is in talks with Australian wagering firm Tabcorp Holdings Ltd. and other firms on developing the resort casino in Macau, according to Australian sources familiar with the matter.

The British billionaire, whose business empire ranges from airlines to music, visited Macau last week along with Tabcorp boss Matthew Slatter to look at potential sites and partners for a casino and resort development, the sources said. However, any discussions were in early stages.

Tabcorp was one of several potential partners talking to Virgin but was expected to have a major role in developing and operating the casino in Macau, a former Portuguese territory in southern China already home to a large gambling industry, one source said.

One option being discussed was Tabcorp having an equal shareholding in the project with Virgin.

A Virgin Group spokeswoman said nothing had been decided.

A Tabcorp spokesman said: "We don't comment on rumour and speculation".

Recently-listed Melco PBL Entertainment (Macau) Ltd. -- a joint venture of Australian media firm Publishing and Broadcasting Ltd. and Hong Kong firm Melco International Development Ltd - is planning to build three casinos in Macau.